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Dec 12, 2012
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looks like we have a deal on banking union. the ecb will supervise all banks presumably in the euro zone. that means the ecb will be able to directly tap into those bailout funds and recapitalize the banks, plugging in across the euro zone. this is hugely important in building those firewalls against contagion. the result of the stock market is that you continue to get gains. the top 50 blue chips in europe is the white line. the dow jones industrial average is the yellow. this is a chart since the results of the election. as we are mired in the fiscal cliff here, they've been able to make almost 4% gains on their top blue chips. meanwhile, also worth mentioning that, after the sell-off we got on italian debt, where mario monti said he would resign over the weekend, today italy successfully went through an auction at the one-year level of debt. and you can see where people have viewed monday's sell-off as a huge opportunity. so the yields are heading down on the ten-year. just before i give you back to carl, i wanted to hand yo
looks like we have a deal on banking union. the ecb will supervise all banks presumably in the euro zone. that means the ecb will be able to directly tap into those bailout funds and recapitalize the banks, plugging in across the euro zone. this is hugely important in building those firewalls against contagion. the result of the stock market is that you continue to get gains. the top 50 blue chips in europe is the white line. the dow jones industrial average is the yellow. this is a chart since...
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Dec 28, 2012
12/12
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i have to do a lot of negotiations with my unions. they just need to get back together and work this out. the crux of the matter is on royalty payments that were put in decades ago to soften the blow of moving to automated containerized ar ccargo. it's certainly time to move forward to a new agreement. you can't just cling to the past forever, but both sides are going to have to give and move this forward. this is bad for the u.s. economy. and it will have ripple effects around the world. >> mayor parker, thank you for your time. >> we're down 83 on the dow. let's get a market flash back at hq. brian? >> simon, some pending home sales came in high. in fact, the highest level in two and a half years. but look at that board, four out of the five home builders i'm showing you are actually down right now. this could be an interesting indication that the market has already predicted or priced in some of these gains in pending home sales, right? the number is not moving these stocks. many of these names, guys, as you know, have doubled or e
i have to do a lot of negotiations with my unions. they just need to get back together and work this out. the crux of the matter is on royalty payments that were put in decades ago to soften the blow of moving to automated containerized ar ccargo. it's certainly time to move forward to a new agreement. you can't just cling to the past forever, but both sides are going to have to give and move this forward. this is bad for the u.s. economy. and it will have ripple effects around the world....
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Dec 3, 2012
12/12
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cargo airlines, china, korean air and the union is striking to make sure that jobs performed by union workers stay union jobs after these workers retire. management says they don't want to do that. they call it featherbedding and claim they offered compensation packages for senior employees worth $109,000. time off for most senior people for 11 weeks and guaranteed job security. i'm hold ttold the average sala $85,000 for the clerical workers and the mayor is enraged and wants negotiations to continue around the clock until this thing is settled. back to you. >> jane, thank you very much. >>> in the meantime, do you remember the guy that said that growth in the united states would be half a percent higher due to the launch of iphone 5. now he's revising down q-4 predictions. he'll be with us next on cnbc. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. ge
cargo airlines, china, korean air and the union is striking to make sure that jobs performed by union workers stay union jobs after these workers retire. management says they don't want to do that. they call it featherbedding and claim they offered compensation packages for senior employees worth $109,000. time off for most senior people for 11 weeks and guaranteed job security. i'm hold ttold the average sala $85,000 for the clerical workers and the mayor is enraged and wants negotiations to...
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Dec 14, 2012
12/12
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it is ironic in a year when so many people called for a breakup the european union this summit, poland actually said we'd like to start off applications to become the 18th member of the eurozone. that will play out during the course of next year. as far as the stock markets are concerned, today is relatively flat overall. no follow through from china which i mentioned earlier. i thought it was very interesting. here you go. >> the european markets are closing now. >> some are red. some are green. if you check the data you'll see we haven't really moved at all today. china was up 4%. shanghai was up 4% overnight. normally you would expect the australian miners, global miners listed in london to bounce on that. they didn't very much today. and that is partly because it is a suspect view of what happened in china today that perhaps the state backed institutions were buying stocks to artificially boost the picture there. however, europe overall top 50 blue chips are at their highs for the year as you can see. a gain of 13.5%. i wanted to make one point. a comparison between europe and the
it is ironic in a year when so many people called for a breakup the european union this summit, poland actually said we'd like to start off applications to become the 18th member of the eurozone. that will play out during the course of next year. as far as the stock markets are concerned, today is relatively flat overall. no follow through from china which i mentioned earlier. i thought it was very interesting. here you go. >> the european markets are closing now. >> some are red....
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Dec 24, 2012
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reportedly the unions offered to extend the contract through january was rejected. if there's a strike, the union says clothing, frozen foods and household goods would not move. but mail, military cargo and some perishables may go through. the last time we had an east coast strike like this, 1977. i did call the union's main office this morning. they are closed for the holidays. and on their website, a little bit of foreboding, there's a big fat link on the upper right side that says strike preparations. melissa, back to you. >> brian, as we've seen with other strikes, of course, theoretically shifts can go into other ports maybe in mexico and goods can move up by rail or truck. >> yes. but it does complicate the supply chain. there is obviously some distribution issues. but yes, there are ways around it. it just complicates it and costly. >> brian shactman, thank you. as congressional leaders still struggle to reach a deal ahead of the fiscal cliff, let's look at how the municipal bond sector could be affected. chris, great to see you. >> great to see you. thank yo
reportedly the unions offered to extend the contract through january was rejected. if there's a strike, the union says clothing, frozen foods and household goods would not move. but mail, military cargo and some perishables may go through. the last time we had an east coast strike like this, 1977. i did call the union's main office this morning. they are closed for the holidays. and on their website, a little bit of foreboding, there's a big fat link on the upper right side that says strike...
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Dec 27, 2012
12/12
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. >> a lot of other issues as well because this is of course, a union issue. there for example the strength of the unions and at what point does it make the u.s. less competitive than some other port thought? what point do we need reform those structures to become more competitive and preserve the jobs? >> some trouble at northwestern ports, we just had the clerical workers in california. that was a near miss. something about labor disnews is the port. >> we try to move more energy outside of the u.s. to asia in particular, getting those contracts in place will be more important. but that is a ten year timeframe. >>> not-so-good news for nokia, a month after the launching in the u.s., cell phones are offered at steep discounts or free on u.s. carriers or amazon. nokia is betting heavily on that phone which runs microsoft's windows 8 system. it launched in november with at&t for $99. another version of the phone also available force 99 at verizon. some discussion, dennis, this is just how things work. >> i don't think that's how things work. if you buy an iphon
. >> a lot of other issues as well because this is of course, a union issue. there for example the strength of the unions and at what point does it make the u.s. less competitive than some other port thought? what point do we need reform those structures to become more competitive and preserve the jobs? >> some trouble at northwestern ports, we just had the clerical workers in california. that was a near miss. something about labor disnews is the port. >> we try to move more...
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Dec 4, 2012
12/12
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will be more generous and next week they're likely to get their money from the rest of the european union. taking some of those concerns back out of the market so, again, today the spanish bond market rallying and, therefore, the yield forming. still above 5% but falling. it's also true of italy. there the yields are down. take a look at where we are on the ten year, 4.4% and those bonds rise in value, you see the italian banks, for example, rising in value. the stock market, it's obvious the value of their assets is gaining ground. other financials around europe, the likes of kbc, bank of ireland, a lot of questions to the degree the irish can get better terms for their bailout or deal as a result of what the greeks have been given. there is -- and carl mentioned this, one area of concern today, and that's the finance minister's meeting where the frie french and the germans seem at odds over how they're going to get banking union, the germans are saying it cannot -- the individual banks cannot all be controlled by the ecb, the french saying, yes, they should be. that's the german finance
will be more generous and next week they're likely to get their money from the rest of the european union. taking some of those concerns back out of the market so, again, today the spanish bond market rallying and, therefore, the yield forming. still above 5% but falling. it's also true of italy. there the yields are down. take a look at where we are on the ten year, 4.4% and those bonds rise in value, you see the italian banks, for example, rising in value. the stock market, it's obvious the...
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Dec 10, 2012
12/12
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well i guess they win in terms of underfunded liabilities, crummy credit ratings, negotiations with unions always seem to go a certain way. but there is something our next guest from chicago magazine found that chicago won hands down, and when you come back in about five to ten minutes i'll tell you what it is. this accidet with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't true. where did you hear that? [ both ] the internet. oh look. here comes my date. i met him on the internet. he's a french model. uh, bonjour. [ male announcer ] state farm. more mobile than ever. get to a better state. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of
well i guess they win in terms of underfunded liabilities, crummy credit ratings, negotiations with unions always seem to go a certain way. but there is something our next guest from chicago magazine found that chicago won hands down, and when you come back in about five to ten minutes i'll tell you what it is. this accidet with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that?...
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Dec 18, 2012
12/12
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55 nations might have already walked out on this but the union is still going to be active. so what can listeners and viewers do to send a message to stand firm on this issue, sir? >> yep. so you've got exactly the right message. the positive outcome of this treaty is we've gotten very explicit about the importance of internet freedom from a commercial standpoint, from a free speech standpoint. we've been very clear. there are a lot of other nations with us on that. this is going to be a discussion that will have to continue. this treaty does not go into effect until 2015. all of the nations that do not sign like us are not bound by this treaty. we go back to 1988. the ones that do sign this do not have an enforcement mechanism. so the bigger issue here is that we have to keep advancing this dialogue about the risks to the internet. we need to keep advancing the importance of broadband deployment and through that process i'm confident that people will see the benefit of the internet and economies and citizens will see the benefit. >> we're going to have to leave it there. we
55 nations might have already walked out on this but the union is still going to be active. so what can listeners and viewers do to send a message to stand firm on this issue, sir? >> yep. so you've got exactly the right message. the positive outcome of this treaty is we've gotten very explicit about the importance of internet freedom from a commercial standpoint, from a free speech standpoint. we've been very clear. there are a lot of other nations with us on that. this is going to be a...
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Dec 19, 2012
12/12
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one good bit of news as we head towards the holiday next week, every state in the union now has gas below $4 a gallon on average. it's been a long time since we've seen that. back to you. >> that is something else. thank you so much, bertha. bertha coombs covering the complex for us. "time" magazine unveiling person of the year, and the winner is -- the newly reelected barack obama. we'll check in on some of the contenders for the title, how they reach their decision over at the book. the international editor for "time" magazine joins us from new york. good morning to you. >> good morning. >> you're the international editor because they just named morsi as a contender. why the president? >> well, we elected the president because we thought ultimately this election was even more consequential than 2008. the 2008 election was really about hope and change and the historical place of barack obama. this is actually a verification, and an ensconcement. he won this election very conclusively. demographics not only in his favor, but he successfully exploited them. he got people to vote who usuall
one good bit of news as we head towards the holiday next week, every state in the union now has gas below $4 a gallon on average. it's been a long time since we've seen that. back to you. >> that is something else. thank you so much, bertha. bertha coombs covering the complex for us. "time" magazine unveiling person of the year, and the winner is -- the newly reelected barack obama. we'll check in on some of the contenders for the title, how they reach their decision over at the...
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Dec 11, 2012
12/12
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basically restricting unions in what is obviously a stronghold of organized labor. this is the scene outside the capitol which has already been closed because it was filled to capacity. an estimated 10,000 people demonstrating outside where it's about 25 degrees. also several school districts in michigan have been closed as the teachers there have gone to lansing to join the rallies. quite a scene today in michigan. >>> meantime, time for a capital markets op-ed. gary, we mentioned madoff. it's hard to believe it's been four years. >> as a matter of fact, david and i were just talking about it offset. it was 3:00 four years ago today. i got a phone call. you're not going to believe this. they finally got madoff. faber and i had been chatting about it probably for close to a decade. remember, within the industry, the numbers, the performance, this was something that wasn't unknown. but just people were shocked. again, that day that four years ago, david, can you believe it? no, we can't believe it. finally nailed him. here's the thing. madoff won't happen again for t
basically restricting unions in what is obviously a stronghold of organized labor. this is the scene outside the capitol which has already been closed because it was filled to capacity. an estimated 10,000 people demonstrating outside where it's about 25 degrees. also several school districts in michigan have been closed as the teachers there have gone to lansing to join the rallies. quite a scene today in michigan. >>> meantime, time for a capital markets op-ed. gary, we mentioned...
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Dec 13, 2012
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a number of trades also on western union, at&t and kroger also canceled below certain levels. but trades on ibm, lucadia, hess and salesforce.com will stand. back to you. >> all right, bertha, thanks for getting down to the bottom of that. got a lot of e-mails this morning about these trades. our thanks, of course, to joe. who joins us here on set from deutsche bank. >>> speaker 69 house john boehner set . >>> speaker of the house john boehner set to take the podium after this break. >>> meantime, take a look at this ipo. it just opened for trade. it is higher now by 18%, priced at 8 which is much lower than its expected range but trading right now at $9.50. >> it was the expected rate, as we said, more on solar city and more from john boehner after the break. by not breaking down. consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now trade up to get a 2012 chevy silverado
a number of trades also on western union, at&t and kroger also canceled below certain levels. but trades on ibm, lucadia, hess and salesforce.com will stand. back to you. >> all right, bertha, thanks for getting down to the bottom of that. got a lot of e-mails this morning about these trades. our thanks, of course, to joe. who joins us here on set from deutsche bank. >>> speaker 69 house john boehner set . >>> speaker of the house john boehner set to take the podium...